Cash holdings of listed and unlisted firms: new evidence from the euro area

This paper examines the cash holdings behavior of listed and unlisted firms. We argue that unlisted firms, which are smaller, face a greater wedge between the cost of external and internal finance and as a result they need to rely more on the later. Relying on internal funds means that firms have a...

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Bibliographic Details
Main Authors: Panagiotis Asimakopoulos, Stylianos Asimakopoulos, Filipa Da Silva Fernandes
Format: Default Article
Published: 2019
Subjects:
Cash holdings
Listed and unlisted firms
Precautionary motives
Financial pressure
Online Access:https://hdl.handle.net/2134/9808382.v1
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